Costco Wholesale Co. (NASDAQ:COST) is Neville Rodie & Shaw Inc.’s 8th Largest Position

Neville Rodie & Shaw Inc. cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,188 shares of the retailer’s stock after selling 326 shares during the quarter. Costco Wholesale accounts for 2.4% of Neville Rodie & Shaw Inc.’s investment portfolio, making the stock its 8th largest position. Neville Rodie & Shaw Inc.’s holdings in Costco Wholesale were worth $33,158,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in COST. Monument Group Wealth Advisors LLC acquired a new position in Costco Wholesale during the second quarter worth $208,000. Motiv8 Investments LLC lifted its stake in shares of Costco Wholesale by 2.9% in the 2nd quarter. Motiv8 Investments LLC now owns 1,009 shares of the retailer’s stock valued at $859,000 after purchasing an additional 28 shares during the last quarter. Oxbow Advisors LLC lifted its stake in Costco Wholesale by 14.2% during the 2nd quarter. Oxbow Advisors LLC now owns 2,689 shares of the retailer’s stock worth $2,286,000 after acquiring an additional 335 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in Costco Wholesale by 370.1% during the 2nd quarter. SRS Capital Advisors Inc. now owns 1,241 shares of the retailer’s stock worth $1,055,000 after acquiring an additional 977 shares in the last quarter. Finally, Stonebrook Private Inc. lifted its stake in Costco Wholesale by 1.6% during the 2nd quarter. Stonebrook Private Inc. now owns 1,370 shares of the retailer’s stock worth $1,164,000 after acquiring an additional 22 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the transaction, the executive vice president now owns 10,210 shares in the company, valued at approximately $9,155,409.10. This trade represents a 16.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares in the company, valued at approximately $24,514,232. This represents a 4.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,816 shares of company stock valued at $6,981,347 over the last quarter. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on COST. Raymond James increased their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. UBS Group upped their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Roth Mkm upped their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, DA Davidson upped their price target on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Trading Up 0.9 %

Shares of NASDAQ:COST traded up $8.42 during midday trading on Monday, reaching $925.00. The company’s stock had a trading volume of 841,772 shares, compared to its average volume of 1,386,162. The firm has a market cap of $410.61 billion, a price-to-earnings ratio of 54.32, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a 1 year low of $654.03 and a 1 year high of $1,008.25. The business has a 50 day moving average price of $943.38 and a 200 day moving average price of $896.64.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.